Is the Apple Card Worth It? A Complete Guide to Its Features, Rewards, and Benefits

As the Apple Card approaches its sixth anniversary, it remains a popular credit card choice for many users. Whether you’re an Apple enthusiast or someone simply seeking a straightforward credit card, the Apple Card offers a blend of modern convenience, strong rewards, and a unique user experience. In this article, we’ll explore everything you need to know about the Apple Card, including its key features, rewards, and whether it’s the right option for you.

Apple Card Overview: Key Features and Perks

The Apple Card, designed by Apple in collaboration with Goldman Sachs, stands out for its simple user experience and attractive rewards system. Here’s a quick rundown of what you can expect:

Apply and Manage Through the Wallet App: The entire application process and card management can be done easily through the Wallet app on your iPhone.
Free Apple-Designed Titanium Card: Upon approval, you receive a sleek, physical titanium card.
No Fees: The Apple Card comes with no late fees, over-limit fees, or foreign transaction fees.
Goldman Sachs Back-End: The card is powered by Goldman Sachs, ensuring a secure and reliable financial infrastructure.
Payments Due Monthly: Payments are due on the last day of each month, and a soft credit check is conducted to determine your approval status.
Apple Card Savings Account: Apple offers an exclusive high-yield savings account for cardholders, further enhancing the card’s appeal.

What Is Daily Cash?

“Daily Cash” is Apple’s version of cashback, and it’s credited to your account immediately after a purchase is made. Unlike other cashback cards, which typically reward users at the end of the billing cycle, Daily Cash is added to your Apple Cash balance right away.

Using Apple Cash: The cashback can be used for Apple Pay purchases, sent to friends and family, transferred to your linked bank account, or even used to pay down your Apple Card balance.
Apple Card Savings Account: You can also opt to have your Daily Cash rewards deposited into an Apple Card Savings Account, where you’ll earn a competitive 3.90% interest.

How Much Daily Cash Can You Earn?

The Apple Card offers various cashback percentages depending on where and how you make your purchases:

3% Daily Cash: Earned on Apple purchases (including Apple Store, iTunes, App Store, and Apple services like Apple Music and Apple TV+), and at certain partner retailers like Nike, Uber, Walgreens, and more.
2% Daily Cash: Earned on Apple Pay purchases both online and in-store.
1% Daily Cash: Earned on all other purchases.

These cashback rates make it a competitive option, especially if you frequently make purchases with Apple or Apple Pay.

Apple Card Monthly Installments

One standout feature of the Apple Card is the Monthly Installments program, which allows you to finance Apple products over time at zero-percent interest. Here’s a breakdown of how it works:

Product Financing: Apple products such as iPhones, Macs, iPads, and even the Apple Vision Pro can be financed over various terms (24 months for iPhones, 12 months for Macs, etc.).
Instant Cashback: When you finance an Apple product, you can still earn Daily Cash (3%) on the full price of the product, even though you haven’t fully paid it off yet.
No Credit Approval Process: The installments are simply deducted from your credit limit, making the process seamless.

Security and Privacy Features

Apple Card puts a strong emphasis on security, offering features that help protect your financial information:

Advanced Fraud Protection: The card’s security code refreshes daily, minimizing fraud risks.
No Card Number: There’s no physical card number, making it harder for thieves to steal.
Transaction Locking: You can lock your Apple Card instantly via the Wallet app if you lose it.
Real-Time Notifications: Keep track of your spending with real-time transaction alerts directly through the Wallet app.

Apple Card Sign-Up Bonus

Until March 21, Apple is offering a sign-up bonus for new cardholders: earn $20 in bonus Daily Cash each month when you make 10+ purchases, up to December 31. This offer allows you to quickly stack rewards in the first few months after signing up.

Apple Card Savings Account

For users interested in a high-yield savings option, the Apple Card Savings Account offers an impressive 3.90% APY. This is much higher than the national average and provides an easy way to grow your Daily Cash rewards.

Should You Get the Apple Card?

While the Apple Card offers attractive features, it’s not necessarily the best credit card for everyone. Here’s a breakdown of when it may be worth it for you:

Frequent Apple User: If you often buy Apple products, use Apple Pay, or subscribe to Apple services, this card can deliver solid cashback and financing benefits.
Simplified Management: If you want to manage everything via your iPhone, the Wallet app provides an intuitive interface for all transactions and payments.
No Concerns About Credit Score: The card’s soft credit check for approval ensures that applying won’t negatively impact your credit score.
Alternative Cards for Better Rewards: If you’re looking for more flexible rewards or higher cashback in other categories, cards from Chase, Citi, or Discover may be more suitable.

What Undercode Says:

While the Apple Card offers some strong perks, its appeal may be limited to those who have a deep connection to the Apple ecosystem. As Emmanuel Crouvisier, developer of the CardPointers app, points out, the Apple Card’s cashback limits are modest compared to cards from Chase, Citi, or American Express, which can offer higher multipliers and transferable points that maximize the card’s value when redeemed for travel or other rewards.

Additionally, the Apple Card’s benefits are heavily tied to purchases made within Apple’s ecosystem, meaning those who don’t regularly shop for Apple products or use Apple Pay may not get as much out of the card. The lack of significant rewards in categories like dining, travel, or gas also makes it less competitive than other cards in certain cases.

That said, the Apple Card remains a great option for those who love the convenience of managing everything through the Wallet app, enjoy Apple Pay, and frequently purchase Apple products. For others, though, more versatile rewards cards may offer better long-term value.

Fact Checker Results:

Apple Card Fees: No late, over-limit, or foreign transaction fees make it stand out from other cards.
Apple Card Rewards: Cashback rates are competitive but not the highest across all categories.
Apple Card Savings: Offers 3.90% APY, significantly higher than the national average for savings accounts.

In conclusion, the Apple Card continues to impress with its innovative features, user-friendly design, and seamless integration into the Apple ecosystem. However, it may not be the best option for everyone, especially if you’re looking for higher rewards in various spending categories.

References:

Reported By: https://9to5mac.com/2025/03/17/should-you-get-apple-card
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